Mainstay Cbre Global Fund Market Value
| VCRVX Fund | USD 13.99 0.06 0.43% |
| Symbol | Mainstay |
Mainstay Cbre 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Mainstay Cbre's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Mainstay Cbre.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in Mainstay Cbre on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding Mainstay Cbre Global or generate 0.0% return on investment in Mainstay Cbre over 720 days. Mainstay Cbre is related to or competes with Eic Value, Barings Active, Nasdaq 100, Ab Value, Jp Morgan, Balanced Fund, and Versatile Bond. The fund invests at least 80 percent of its net assets in securities issued by infrastructure companies More
Mainstay Cbre Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Mainstay Cbre's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Mainstay Cbre Global upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5645 | |||
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 2.43 | |||
| Value At Risk | (0.94) | |||
| Potential Upside | 0.8677 |
Mainstay Cbre Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mainstay Cbre's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mainstay Cbre's standard deviation. In reality, there are many statistical measures that can use Mainstay Cbre historical prices to predict the future Mainstay Cbre's volatility.| Risk Adjusted Performance | 0.0994 | |||
| Jensen Alpha | 0.0582 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.1) | |||
| Treynor Ratio | 0.9895 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Mainstay Cbre's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Mainstay Cbre Global Backtested Returns
At this stage we consider Mainstay Mutual Fund to be very steady. Mainstay Cbre Global has Sharpe Ratio of 0.14, which conveys that the entity had a 0.14% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Mainstay Cbre, which you can use to evaluate the volatility of the fund. Please verify Mainstay Cbre's Risk Adjusted Performance of 0.0994, downside deviation of 0.5645, and Mean Deviation of 0.4632 to check out if the risk estimate we provide is consistent with the expected return of 0.0784%. The fund secures a Beta (Market Risk) of 0.067, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Mainstay Cbre's returns are expected to increase less than the market. However, during the bear market, the loss of holding Mainstay Cbre is expected to be smaller as well.
Auto-correlation | -0.8 |
Almost perfect reverse predictability
Mainstay Cbre Global has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Mainstay Cbre time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 to 28th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Mainstay Cbre Global price movement. The serial correlation of -0.8 indicates that around 80.0% of current Mainstay Cbre price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.8 | |
| Spearman Rank Test | -0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 0.53 |
Mainstay Cbre Global lagged returns against current returns
Autocorrelation, which is Mainstay Cbre mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Mainstay Cbre's mutual fund expected returns. We can calculate the autocorrelation of Mainstay Cbre returns to help us make a trade decision. For example, suppose you find that Mainstay Cbre has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Mainstay Cbre regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Mainstay Cbre mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mainstay Cbre mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mainstay Cbre mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Mainstay Cbre Lagged Returns
When evaluating Mainstay Cbre's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mainstay Cbre mutual fund have on its future price. Mainstay Cbre autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Mainstay Cbre autocorrelation shows the relationship between Mainstay Cbre mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Mainstay Cbre Global.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Mainstay Mutual Fund
Mainstay Cbre financial ratios help investors to determine whether Mainstay Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Mainstay with respect to the benefits of owning Mainstay Cbre security.
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